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One London financial institution tells you that the exchange rate between euro and UK pound (E) is 0.8918, another institution tells you that the exchange rate between these two currencies is

One London financial institution tells you that the exchange rate between euro and UK pound (E) is 0.8918, another institution tells you that the exchange rate between these two currencies is 1.1213. Is this most likely to be: Marked out of 1.0 F Flag question Select one: ca. because one institution is in the City of London, whilst the other is in the docklands, on the other side of the Greenwich meridian. b. A common arbitrage opportunity c. Because the two institutions are using different conventions for quoting this exchange rate d. Impossible

Apr 14 2021 View more View Less

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